1, with urban permanent residence or valid residence status.
2 have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan.
3, with the purchase of housing contracts or agreements.
4. Open a savings account in a loan bank (or pay the housing provident fund deposit), and the balance of the deposit accounts for not less than 30% of the amount required for house purchase, which will be used as the down payment for house purchase.
5. The guarantee company agrees to use the assets recognized by the guarantee company as collateral, and act as the guarantor for the borrower to repay the principal and interest of the loan and bear joint liability.
What is the responsibility of the mortgage guarantor?
1. If the borrower fails to repay the loan, the guarantor is liable for repayment. Before committing to be a guarantor, you must think clearly, because if you sign the money and debt guarantee, you will be personally responsible for paying off the debts to the lending institution. Even if the relationship between the guarantor and the debtor changes, such as the husband's guarantee for his wife's house purchase loan and the two divorce, the guarantee will not be affected by the dissolution of the marriage relationship and will still be valid.
2. So, in other words, once a guarantor signs as a guarantor, he will always be a guarantor, unless the borrower is approved by the lending institution to cancel the guarantor qualification.
3. The mortgage guarantor shall bear all responsibilities. Under normal circumstances, the borrower repays the loan by himself, and the guarantor does not have to worry about it. However, the loan amount and monthly payment borrowed by the borrower will generally be displayed in the credit record of the guarantor.
4. When the guarantor needs to apply for any loan, the debt he guarantees will be regarded as his own debt, and usually the lending institution will include it in the debt, which may affect the loan amount of the guarantor.
5. Lending institutions often require guarantors to sign independent legal consultation documents in law firms or notary offices when undertaking guarantors. When signing this document, the guarantor can't sign in the same law firm of the borrower, but must find another lawyer to sign and testify, which proves that the legal responsibility of the guarantor has been explained to the guarantor, and the guarantor also understands that he has to bear the debt personally and voluntarily act as the guarantor without any pressure.